Reborn Tycoon Rise

Chapter 268 ODA Loan

Director Wei smiled and said, "Mr. Xu, have you ever heard of Japan's ODA loan?"

Xu Zhi shook his head and said, "I haven't heard of it."

"Oda loan is a type of foreign aid loan proposed by the Japanese government in the early years. It is specifically targeted at low-income countries with a per capita GDP of less than 800 US dollars. The loan interest rate is very low, usually around 1%, and the repayment time is long, even You can just pay back the interest first." Director Wei explained.

Xu Zhi nodded and said, "When you say this, I have some impression. I just don't know the details. Is this kind of loan accepted in China?"

Director Wei said: "Yes, in 1979, our country and the Japanese government signed an ODA loan agreement totaling 50 billion yen to build a railway from Shanxi to QHD and expand the QHD terminal. In this way, our country can transport a large amount of coal from Shanxi to Earn foreign exchange overseas, and because Japan is short of energy, having an additional import channel can also ensure its national energy security."

Xu Zhidao: "This kind of cooperation seems to be good, everyone gets what they need."

The director of health smiled and said: "It's not that simple. This kind of Oda loan has extremely low interest or even no interest. But the Japanese government also has its shrewdness. First of all, this kind of loan is used for designated project investment, and the loan is used In the end, a large amount of core equipment or orders for the project must be purchased from domestic companies in Japan."

"This is normal." Xu Zhi said, no country is a fool. To support your construction, of course you have to buy our country's products. In later generations, when the mainland government has money, it often has some loan assistance projects, and the requirements are actually similar.

"Yes, purchasing supplies is actually nothing. It's just an international practice. But we also signed another agreement at that time. Because the success of this loan was helped by several major Japanese electrical appliance companies, we agreed to the Japanese government to liberalize some household appliance markets. ." Director Wei shook his head and smiled bitterly: "But we never expected that Japanese electrical appliances are so expensive, but they are still so popular in China. Just last year, the country lost 30 million US dollars on this matter.

Because an agreement has been signed with Japan, if it is forcibly breached, it will probably cause diplomatic disputes. Therefore, introducing advanced Western technology and producing domestically is the best way to solve this matter. There is fair competition and Japan has nothing to say. "

"Even if Japanese products can be imported into China, they should be in Friendship Stores, right? Ordinary people shouldn't be able to buy them, right?" Xu Zhi asked curiously.

Director Wei explained: "It is true, but many people have some overseas connections, or through special channels, they can get foreign exchange coupons. If these foreign exchange coupons buy domestic goods, they will eventually flow into the national treasury. If you buy Japanese appliances, then In the end, we can only benefit from Japanese companies.”

"That's true." Xu Zhi finally understood that if Midea's color TVs were produced domestically, due to the foreign exchange balancing policy, even if the domestic market was opened, although it would have an impact on local brands, it would not lose foreign exchange after all.

But Japanese electrical appliances are different. They are completely produced in Japan and then sold to the mainland, and real foreign exchange is consumed.

Xu Zhi asked: "Commonly used household appliances include color TVs, refrigerators and air conditioners. Although our Midea company is currently involved in all of them, except for color TVs, the other two technologies are not good enough."

The director of health smiled and said: "Mr. Xu, don't worry about this. Needless to say, air conditioners. Because of their high cost and large power consumption, there is a serious power shortage in the country. Not to mention civilian use, even government departments rarely use it. Refrigerators are in demand. The quantity is much larger, but it is different from color TVs, as long as it can be frozen. Compared with the high price of Japanese refrigerators, domestic brands are not far behind, but they are much cheaper. In fact, although Japanese refrigerators also have a certain sales volume, their proportion is not Not high, mainly color TVs, which are so popular that even if we take some measures, we still can’t stop the huge loss of foreign exchange.”

"That's right." Xu Zhi nodded and said. The biggest factor of color TVs is visual appliances. Good color TVs are very stimulating to people's senses, but refrigerators are different. As long as you don't break it, it doesn't matter if it's almost broken. Even if it breaks, buy another one. New ones are much cheaper than buying foreign products.

People of every era pursue different products.

In the 21st century, people pursue houses, in the 1990s they pursued cars, and in the 1980s they pursued color TVs and radios.

In his previous life, Xu Zhi heard that in the 1980s, someone spent tens of thousands of yuan to buy a high-definition imported color TV set, and the price could buy a small shop in Guangdong City at that time.

Xu Zhi asked again: "Does Director Wei confirm that once our company's products enter the mainland market, 500,000 units is really enough?"

Director Wei smiled and said: "This is just a rough idea. As long as the joint venture can maintain a foreign exchange balance, the more sales the better."

Xu Zhi nodded and said: "Foreign exchange balance is not a problem, but I also have another request?"

Director Wei smiled and said, "Mr. Xu, please tell me."

"In addition to color TVs, I hope that my refrigerators, air conditioners, fans and other products can also enter the mainland market." Xu Zhi said: "Of course, these will also be produced domestically, and foreign exchange balance is not a problem."

The director of health thought for a while and said, "According to policy, this shouldn't be a problem."

Xu Sheng continued: "One more thing. Leaving aside the joint venture, the production base that Midea plans to build in Shenhai City will generate a huge foreign exchange surplus every year, and I have discussed with the First Machinery Department to build a truck truck in Shanghai. Manufacturing plant, hopefully bringing the two companies together to form a foreign exchange balance.”

"I have heard about this matter." Director Wei thought for a while and said: "The two companies belong to different departments. If Mr. Xu wants to operate this way, the central government must agree."

"Understood, I just want to get a result in the capital these days." Xu Zhi said with a smile: "As long as the central government agrees, I will quickly arrange a team to negotiate the specific details, and ask Director Wei to give me a message , I am very much looking forward to this cooperation and hope that the cooperation can be successful as soon as possible."

For Western giants who do not know the future, they will naturally not let go of any details during negotiations. This is indeed safe, but it will also waste time.

But Xu Zhi knew that in the future, as long as he could enter the mainland market as soon as possible, nothing would be a problem. You must know that in this era, foreign policies have changed every few years, and they are all in a good direction. Even if there are various difficulties now, maybe when the time comes Once the factory is built, some policies will solve the problem.

The director of health smiled and said: "Mr. Xu is straightforward. If our external cooperation is all about people like Mr. Xu, the country's work will be much easier!"

Xu Zhi smiled, and suddenly thought of something, and said: "Director Wei, the Oda loan we just talked about, does it mean that you need to pay back Japanese yen when you borrow Japanese yen?"

The Director of Health was a little confused and said, "That's right? What's wrong? Isn't this the case for borrowing money?"

Xu Zhidao: "This is a problem under normal circumstances, but what will happen if the yen appreciates on a large scale?"

"Appreciation? Mr. Xu thinks the yen will appreciate in the future?" Director Wei also knows some basic financial knowledge and the consequences of appreciation. Appreciation means having to pay back more money, which will cause huge losses to the country.

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